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Western Asset Managed Municipals Fund Inc.

MMU
Exchange
NYSE
SEC CIK
0000886043

No open-market purchases or sales by Western Asset Managed Municipals Fund Inc. insiders were filed in the last 90 days; 106 institutions reported holding it in 13F filings for Q2 2026, worth $205.5M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Western Asset Managed Municipals Fund Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
117
+3 vs. Q3 2025
Shares held
20.4M
−410.0K (−2.0%) vs. Q3 2025
Total value
$213.2M
−$2.39M (−1.1%) vs. Q3 2025
New holders
15
49 more added
Sold out
12
25 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MMU on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 117 institutions
Q1 2021: 77 institutionsQ2 2021: 82 institutionsQ3 2021: 80 institutionsQ4 2021: 81 institutionsQ1 2022: 83 institutionsQ2 2022: 92 institutionsQ3 2022: 89 institutionsQ4 2022: 93 institutionsQ1 2023: 89 institutionsQ2 2023: 91 institutionsQ3 2023: 88 institutionsQ4 2023: 122 institutionsQ1 2024: 122 institutionsQ2 2024: 118 institutionsQ3 2024: 116 institutionsQ4 2024: 116 institutionsQ1 2025: 112 institutionsQ2 2025: 116 institutionsQ3 2025: 114 institutionsQ4 2025: 117 institutionsQ1 2026: 110 institutionsQ2 2026: 106 institutions
Value heldQ4 2025: $213.2M
Q1 2021: $114.0MQ2 2021: $128.2MQ3 2021: $125.1MQ4 2021: $131.3MQ1 2022: $126.7MQ2 2022: $124.8MQ3 2022: $121.2MQ4 2022: $144.2MQ1 2023: $150.2MQ2 2023: $153.6MQ3 2023: $156.3MQ4 2023: $244.2MQ1 2024: $258.6MQ2 2024: $250.0MQ3 2024: $251.2MQ4 2024: $236.3MQ1 2025: $233.8MQ2 2025: $222.2MQ3 2025: $215.6MQ4 2025: $213.2MQ1 2026: $206.6MQ2 2026: $205.5M
Institutions holding MMU and their total value by quarter
QuarterHoldersValue
Q2 2026106$205.5M
Q1 2026110$206.6M
Q4 2025117$213.2M
Q3 2025114$215.6M
Q2 2025116$222.2M
Q1 2025112$233.8M
Q4 2024116$236.3M
Q3 2024116$251.2M
Q2 2024118$250.0M
Q1 2024122$258.6M
Q4 2023122$244.2M
Q3 202388$156.3M
Q2 202391$153.6M
Q1 202389$150.2M
Q4 202293$144.2M
Q3 202289$121.2M
Q2 202292$124.8M
Q1 202283$126.7M
Q4 202181$131.3M
Q3 202180$125.1M
Q2 202182$128.2M
Q1 202177$114.0M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Western Asset Managed Municipals Fund Inc.; share changes are against Q3 2025.

Institutions holding MMU in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Morgan Stanley4,092,453$42.7M0.00%+98,042+2.5%Added
Rivernorth Capital Management, LLC2,729,554$28.5M1.35%−710,517−20.7%Reduced
Bank of America Corp1,546,311$16.1M0.00%+272,573+21.4%Added
1607 Capital Partners, LLC1,390,231$14.5M0.99%−202,791−12.7%Reduced
Raymond James Financial Inc1,060,923$11.1M0.00%−1220.0%Reduced
Guggenheim Capital LLC839,687$8.77M0.06%+182,299+27.7%Added
Advisors Asset Management, Inc.592,613$6.19M0.10%+176,501+42.4%Added
Robinson Capital Management, LLC592,100$6.18M2.59%+183,938+45.1%Added
Allianz Asset Management GmbH544,800$5.69M0.01%00.0%Unchanged
Hennion & Walsh Asset Management, Inc.503,357$5.26M0.18%+142,371+39.4%Added
Wells Fargo & Company454,895$4.75M0.00%+19,045+4.4%Added
Fiera Capital Corp452,673$4.73M0.01%+162,657+56.1%Added
Van Eck Associates Corp400,567$4.18M0.00%+45,592+12.8%Added
City of London Investment Management Co Ltd376,788$3.93M0.29%−21,197−5.3%Reduced
Rareview Capital LLC318,812$3.16M2.05%+11,026+3.6%Added
Westview Management dba Westview Investment Advisors297,109$3.10M1.48%+297,109New
Invesco Ltd.247,859$2.59M0.00%+7,181+3.0%Added
Leo Wealth, LLC247,215$2.58M0.19%+75,765+44.2%Added
Envestnet Asset Management Inc221,993$2.32M0.00%+48,647+28.1%Added
HighTower Advisors, LLC185,111$1.93M0.00%00.0%Unchanged
Royal Bank of Canada158,446$1.65M0.00%+11,374+7.7%Added
Park Avenue Securities LLC149,028$1.56M0.01%+625+0.4%Added
UBS Group AG145,034$1.51M0.00%−7,922−5.2%Reduced
Rockefeller Capital Management L.P.144,294$1.51M0.00%−15,693−9.8%Reduced
LPL Financial LLC121,381$1.27M0.00%+1,838+1.5%Added
Steward Partners Investment Advisory, LLC120,286$1.26M0.01%+11,194+10.3%Added
Advisor Group Holdings, Inc.113,195$1.18M0.00%−5,741−4.8%Reduced
Melfa Wealth Management, LLC109,141$1.14M0.66%00.0%Unchanged
Nuveen, LLC91,512$955.4K0.00%00.0%Unchanged
Melone Private Wealth, LLC79,955$834.7K0.35%+1,345+1.7%Added
Traub Capital Management LLC75,855$791.9K0.76%−14,634−16.2%Reduced
Indiana Trust & Investment Management CO67,913$709.0K0.21%00.0%Unchanged
Chicago Partners Investment Group LLC63,750$660.4K0.02%+272+0.4%Added
Closed-End Fund Advisors, Inc.62,541$652.9K0.39%+62,541New
Ameriprise Financial Inc59,122$617.2K0.00%−8,449−12.5%Reduced
Janney Montgomery Scott LLC59,049$616.0K0.00%+14,583+32.8%Added
Cary Street Partners Financial LLC57,244$597.6K0.01%+28,523+99.3%Added
PFG Investments, LLC55,737$581.9K0.03%−6,966−11.1%Reduced
Cohen & Steers, Inc.53,000$553.0K0.00%00.0%Unchanged
RSM US Wealth Management LLC51,893$542.0K0.01%+3,350+6.9%Added
Lido Advisors, LLC46,337$481.7K0.00%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC45,746$478.0K0.00%+814+1.8%Added
Mosaic Family Wealth Partners, LLC45,666$476.7K0.05%−5,168−10.2%Reduced
Aviance Capital Partners, LLC44,865$468.4K0.05%+9,275+26.1%Added
Pensionmark Financial Group, LLC44,459$464.2K0.01%+12,344+38.4%Added
Titleist Asset Management, LLC43,751$456.8K0.04%+43,751New
Carson Advisory Inc.43,604$455.2K0.24%00.0%Unchanged
Compass Financial Group, INC42,877$447.6K0.06%+1,550+3.8%Added
Charter Trust Co41,682$435.2K0.03%00.0%Unchanged
National Asset Management, Inc.41,116$429.2K0.02%+142+0.3%Added
Jane Street Group, LLC38,680$403.8K0.00%+4,421+12.9%Added
Stifel Financial Corp38,206$398.9K0.00%−4,511−10.6%Reduced
Commonwealth Equity Services, LLC37,688$393.5K0.00%−3,570−8.7%Reduced
Rock Point Advisors, LLC36,983$386.1K0.10%+2,083+6.0%Added
Burford Brothers, Inc.36,100$376.9K0.16%00.0%Unchanged
Brinker Capital Investments, LLC35,486$370.5K0.00%+8,213+30.1%Added
Ackerman Capital Advisors, LLC34,496$360.1K0.07%−1,304−3.6%Reduced
Fortitude Advisory Group L.L.C.31,754$331.5K0.14%00.0%Unchanged
Integrated Capital Management, Inc.31,736$331.3K0.22%+1,626+5.4%Added
Capstone Capital Wealth Advisors29,450$307.5K0.20%00.0%Unchanged
Concurrent Investment Advisors, LLC28,914$301.9K0.00%+8,506+41.7%Added
MML Investors Services, LLC28,150$293.9K0.00%−4,593−14.0%Reduced
Merit Financial Group, LLC27,637$288.5K0.00%+1,303+4.9%Added
Cambridge Investment Research Advisors, Inc.27,550$288.0K0.00%+760+2.8%Added
Accredited Investor Services, LLC26,098$272.5K0.18%+631+2.5%Added
Stonebrook Private Inc.23,320$243.5K0.05%+265+1.1%Added
Prospera Financial Services Inc22,739$237.4K0.00%−24,985−52.4%Reduced
Sovereign Financial Group, Inc.21,286$222.2K0.04%+3,973+22.9%Added
Catalina Capital Group, LLC20,665$215.7K0.13%00.0%Unchanged
Providence First Trust Co20,103$209.9K0.07%00.0%Unchanged
Rothschild Investment LLC20,000$208.8K0.01%00.0%Unchanged
Cottage Street Advisors LLC20,000$208.8K0.09%+10,000+100.0%Added
Mariner, LLC19,042$198.8K0.00%−2,627−12.1%Reduced
GWM Advisors LLC18,441$192.5K0.00%+311+1.7%Added
NWF Advisory Services Inc.17,900$186.9K0.02%00.0%Unchanged
J.W. Cole Advisors, Inc.17,292$180.5K0.00%−852−4.7%Reduced
RFG Advisory, LLC16,899$176.4K0.00%−391−2.3%Reduced
First Trust Advisors LP16,899$176.4K0.00%+702+4.3%Added
Ashton Thomas Private Wealth, LLC16,500$172.3K0.00%+2,000+13.8%Added
Millennium Management LLC16,388$171.1K0.00%00.0%Unchanged
Global Retirement Partners, LLC15,642$163.3K0.00%+15,642New
Verus Capital Partners, LLC15,000$156.6K0.01%00.0%Unchanged
Harbour Investments, Inc.14,959$156.2K0.00%−61−0.4%Reduced
Colony Group, LLC14,777$154.0K0.00%+14,777New
Permanent Capital Management, LP13,513$141.1K0.03%+13,513New
Cetera Investment Advisers13,443$140.3K0.00%−589−4.2%Reduced
Equitable Holdings, Inc.12,696$132.5K0.00%+164+1.3%Added
Advisory Services Network, LLC12,338$128.8K0.00%00.0%Unchanged
Truist Financial Corp12,163$127.0K0.00%−3,704−23.3%Reduced
Occidental Asset Management, LLC11,944$124.7K0.01%+893+8.1%Added
Silverlake Wealth Management LLC11,943$124.7K0.03%+64+0.5%Added
Altus Wealth Group LLC11,371$118.7K0.05%00.0%Unchanged
Moody National Bank Trust Division10,962$114.4K0.01%+10,962New
Cerity Partners LLC10,878$113.6K0.00%+10,878New
Moors & Cabot, Inc.10,549$110.1K0.00%+108+1.0%Added
Harmony Asset Management LLC10,500$109.6K0.04%00.0%Unchanged
Summit Trail Advisors, LLC10,474$109.3K0.00%+10,474New
D.A. Davidson & Co.10,324$107.8K0.00%+214+2.1%Added
Pinnacle Wealth Planning Services, Inc.8,454$88.3K0.01%+8,454New
Mechanics Financial Corp6,650$69.4K0.03%00.0%Unchanged